This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Autodesk Signs Agreement To Acquire Structural Fabrication And Detailing Technology From Graitec

Stocks in this article: ADSK

Autodesk, Inc. (NASDAQ: ADSK) has signed a definitive agreement with the shareholders of Graitec to acquire certain technology assets, including Graitec’s Advance Steel and Advance Concrete product lines, and associated employees. The acquisition will enhance Autodesk’s current offerings for structural engineering and expand its portfolio of technology for Building Information Modeling (BIM) for structural fabrication and detailing. Through the proposed acquisition, Autodesk will continue to lead the industry’s migration to BIM and evolution of model-based workflows for structural engineers, detailers, fabricators and contractors who provide modeling, analysis, detailing, and production services. The transaction is expected to close in the 4th quarter of fiscal year 2014 and is subject to customary closing conditions. The financial terms of the transaction were not disclosed.

“Autodesk continues to extend Building Information Modeling across the building lifecycle. The proposed acquisition of the Graitec technology will provide our customers with a more seamless structural engineering workflow, from design to fabrication and to construction, with enhanced offerings for structural steel and concrete detailing,” said Amar Hanspal, Autodesk senior vice president of Information Modeling and Platform Products. “We look forward to welcoming Graitec employees, customers and partners to the Autodesk community.”

Graitec is a global provider of CAD and engineering software for structural engineering, civil engineering and building construction headquartered in France. Graitec’s Advance Steel and Advance Concrete products offer modeling, detailing, and fabrication solutions to support BIM-based steel and reinforced concrete workflows. Graitec will to continue to sell and support Advance Steel and Advance Concrete, as well as sell, support, and develop its remaining products for structural engineering.

"Autodesk's acquisition of the Advance Steel and Advance Concrete products in support of its BIM strategy is a testament to the expertise of the Graitec team and the quality of our steel and concrete detailing solutions," said Francis Guillemard, CEO, Graitec. "Graitec continues to develop dedicated BIM software and services that are complementary to Autodesk, and together we look forward to maximizing the efficiency and performance of the global construction industry."

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs